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France's Lagardere says future of Elle magazine "a question"

March 9, 2018

The head of French media group Lagardere on Thursday did not rule out selling magazine brand Elle as the company looks at disposals, but dismissed the possible sale of its weekly newspaper Paris Match and radio Europe 1.

Arnaud Lagardère Arnaud Lagardere, the principal managing partner of the company, said in November last year assets divestments could be envisaged to boost cashflow.

“I’m not very pleased with the cashflow generation. This is why we are going to modify the group’s profile with divestments but also acquisitions,” the executive told journalists following the publication of the group’s full-year results.

Asked about the future of its lifestyle and fashion Elle magazine, Lagardere said: “It is a question”, without elaborating.

Lagardere added some deals were on the verge of being announced but did not give details, citing the need to consult first with staff representatives.

Archives Lagardère

Xavier Romatet, in the process of leaving Conde Nast International, has already been negotiating with unions at Groupe Marie Claire in recent weeks on a restructuring of the French media group, sources have said.

Archives Elle

Xavier Romatet, in the process of leaving Conde Nast International, has already been negotiating with unions at Groupe Marie Claire in recent weeks on a restructuring of the French media group, sources have said.

Fragrance brands are getting inventive as they try to win over younger consumers, leading to creative initiatives such as Chloé's immersive experience at French mall Les 4 Temps or Kenzo and Guerlain's online campaigns.

Mash-up fashion at Miu Miu in terms of era; attitude, music and message, in an unusual show, the penultimate fashion collection of the 29-day international fashion season that culminates this evening in Paris.